The FSA wanted someone to whitewash RBS and, sure enough, PWC obliged — the FSA’s RBS report, Part 2
The Financial Services Authority this morning declared that, after a 17-month “investigation”, it has concluded that none of the RBS […]
Blog
You are browsing entries filed in “Blog”
EXCLUSIVE: How the FSA helped to destroy UK building societies
The Financial Services Authority sat idly by while the UK’s building societies sector destroyed itself by gorging on Wall Street’s
PFI/PPP players urged to hand money back to taxpayers
Leading PFI/PPP companies including Innisfree, Semperian, Serco, Skanska, Balfour Beatty, HSBC, Lloyds and RBS are being urged to hand some
Irish crisis: how the Celtic Tiger became a moggy
Taiwanese-based Next Media Animation has produced its take on 300 years of Irish history. Okay it does simplify things a
Irish bailout seems to unravel before it’s even announced
You know that things must be getting desperate in Ireland when significant numbers of the country’s population want to draft
Cantona’s talkin’ bout a revolution
In the last few days people have been asking me what I think of Eric Cantona’s call for a silent
Lloyds executioner with a talent for mimicking Ferraris
Mark Fisher, the low-profile “blustery Yorkshireman” and petrol-head, who was renowned for his ability to imitate the sound of a
A growing numbness to scandal
Michael Lewis’s Vanity Fair article “Beware of Greeks Bearing Bonds” is an excellent, if somewhat depressing read. Lewis himself describes
The delusional groupthink of New Labour and how it crippled the UK economy
I couldn’t believe it when I heard Lord Turnbull speak about the extent of former prime minister Gordon Brown’s self-delusion
Government dishonesty about the state of the banking system is a form of tyranny
William K. Black, professor of economics and law at the University of Missourri-Kansas City, and the senior regulator during the
‘Trust Me I’m A Banker’ / ‘Carry on banking’ – BBC investigation into bankers’ recidivism
BBC Scotland’s Trust Me I’m A Banker, an investigative documentary fronted Mark Daly on which I advised and helped to
Banking’s Abu Ghraib
A fourth person has been arrested in relation to Thames Valley Police’s investigation into “corruption and large-scale fraud in connection
Europe’s “stability fund” unlikely to be up to the job
Luis Rodríguez Zapatero, Spain’s prime minister, recently declared the European sovereign debt crisis was over. He told the Wall Street
Farmers shocked by inadequacy of SRA’s Burges Salmon “inquiry”
Talk about foot-dragging. The Solicitors Regulation Authority has been investigating the Bristol-based law firm Burges Salmon LLP and its partner
Banks now in permanent role of looters
Regular readers of this blog may have noticed that I’m sceptical about the integrity of many bankers and suspicious of
Is BGC Partners being honest about its Mint deal?
David Mills, the founder of Core Enterprise Management and Quayside Corporate Services, is a past master of prepackaged administrations and
As the FSA is consigned to history, its light touch already being missed in the City of London
The Financial Services Authority—founded by ex-chancellor Gordon Brown in May 1997—is widely regarded as having made a dog’s breakfast of
Bust air firm may provide key to HBOS “controls failures”
Directors of an aviation business that crash-landed owing HBOS £113 million in September 2007 were allowed to buy the business
The ten firms that are having to do without David Mills
The founder and owner of Quayside Corporate Services — a self-styled turnaround consultancy that was pivotal to the Bank of
Royal Bank of Scotland under siege for its “environmental vandalism”
The Camp for Climate Action, which was set up on parkland behind the Royal Bank of Scotland’s world headquarters at Gogarburn in Edinburgh
Clueless banks happy to drift in a sea of inexactitude
Do the world’s leading banks have a firm handle on the true value of their assets, risk exposure (including the